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Inside Track: British Architect, Publisher Buy Obama Vineyard Rental
Posted By susanne On December 6, 2011 @ 4:50 PM In Luxury Real Estate,Real Estate News,Real Estate Trends | Comments Disabled
(MCT)—The British architect who designed Wembley Stadium and his wife, a publishing magnate, are the new owners of President Obama’s summer retreat, Blue Heron Farm on the Vineyard.
Lord Norman and Lady Elena Foster of Thames Bank in Great Britain purchased the 28-acre “gentleman’s farm” in West Tisbury for a whopping $22 million last month, The Vineyard Gazette reports. According to the broker who handled the sale, the new owners do not intend to rent the property to the first family—or anyone else.
Lord Foster is one of the world’s most successful architects. His wife is the founder of Ivory Press, a publishing house specializing in the arts.
The purchase of the house, and an adjoining 3-acre beach lot, is one of the highest priced, single-family home sales in Vineyard history.
©2011 the Boston Herald
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